The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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City Pub Group PLC, up 8.2% at 57.90 pence, 12-month range 50.00p - 127.00p. Trading returns to pre-Covid levels, though the pub owner notes this is with a rising cost burden. Revenue in the six months to June 26 total £26.1 million, up sharply from £8.9 million the previous year. Swings to a pretax profit of £77,000 from a loss of £1.6 million. Announces intention to begin a £3 million share buyback. Also intends to purchase further shares in the Mosaic Pub & Dining Group, of which it currently holds a 37% stake.
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Surgical Innovations Group PLC, up 9.4% at 1.75 pence, 12-month range 1.31p - 2.65p. Narrows pretax loss to £111,000 from £223,000 in the six months ended June 30 as revenue jumps to £5.4 million from £4.2 million. The medical technology manufacturer notes strong sales the UK and Japan. This is despite challenging supply chains and a reduction in skilled labour, it says. Revenue in the first two months of the second half are around double that of the comparable period the previous year.
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WANdisco PLC, up 8.9% at 439.00 pence, 12-month range 2.10p - 440.00p. Signs its largest ever contract with a value of $25 million with a ‘top ten global communications company’. The data activation platform expects to record bookings significantly ahead of expectations as a result of this customer win. Adds this is the fourth contract with the unnamed customer. Cumulative contracts from the client now total $39.3 million during 2022.
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AIM - LOSERS
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Oncimmune Holdings PLC, down 26% at 58.00 pence, 12-month range 55.10p - 195.00p. Pretax loss widens to £9.5 million in the financial year that ended May 31. The diagnostics firm posted a loss of £4.7 million the previous year. Revenue inches up to £3.9 million from £3.7 million. Administrative expenses rise to £7.1 million from £5.7 million. Says it doubled the number of ImmunoINSIGHTS contracts from a year before, with the current weight pipeline value of the contracts at £11.0 million. Notes that market conditions in the past financial year have been challenging.
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Itim Group PLC, down 22% at 65.20 pence, 12-month range 65.00p - 132.75p. In the six months ended June 30, pretax loss widens to £377,000 from £108,000. Revenue climbs to £6.8 million from £6.4 million, while cost of sales jumps to £4.6 million from £3.7 million. Explains that costs have increased ‘significantly’ in the period to ‘support growth’. Says the objective of this investment is to ‘build the required capability ahead of potential new subscription sales and to increase staff capacity to cover busy periods’. Looking forward, the retail software firm says it is mindful of economic challenges and looks to the future with ‘cautious optimism’.
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LBG Media PLC, down 22% at 80.02 pence, 12-month range 80.02p - 213.00p. Swings to a pretax loss of £1.9 million in the first half of 2022 from a profit of £5.6 million the previous year. Net operating expenses surge to £26.6 million from £17.4 million. Revenue in the six months to June 30 rises to £24.8 million from £23.0 million, however. This was driven by strong growth in its international operations, the LADBible-owner explains. Company expects the full year to be ‘broadly’ in line with market expectations. Adds it expects improving momentum in indirect revenue as it responds to the demand for short format videos on its partner platforms.
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